Blog

New expatriate levy sparks concerns over regional integration
Opinion

CPPE urges supply-side measures to tackle Nigeria’s persistent inflation

The Centre for the Promotion of Private Enterprise has called for a shift toward supply-side interventions to curb inflation, amid rising energy and transport costs linked to Middle East tensions. CPPE said monetary tightening alone cannot address Nigeria’s inflation challenge and risks further weakening investment and productivity. Leadership reported that speaking, the director/CEO of CPPE, […]

Tech

Kindle users turn to jailbreaking after Amazon ends device support

Many Kindle users are opting to jailbreak their devices after Amazon announced it will discontinue technical support for older models. Starting May 20, the company will officially end support for the following Kindle devices: Kindle 1st Generation Kindle 2nd Generation Kindle DX Kindle DX Graphite Kindle Keyboard Kindle 4 Kindle 5 Kindle Touch Kindle Paperwhite […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Business

LCCI urges FG to deepen reforms as inflation pressures persist

The Lagos Chamber of Commerce and Industry has called on the Federal Government to sustain and deepen its ongoing macroeconomic reforms as inflationary pressures continue to weigh on businesses and households nationwide. The chamber noted that manufacturers, Micro, Small and Medium Enterprises, traders, and consumers are still grappling with elevated operating expenses and rising living […]

Business featured

Wema Bank defends Banana Island property sales as lawful debt recovery

Wema Bank has responded to recent allegations surrounding the sale of Banana Island properties linked to the defunct Gulf Bank, insisting that the transactions were lawful and part of efforts to recover outstanding debts owed to the bank. The bank issued the clarification in a statement issued on Saturday, signed by its Company Secretary/General Counsel, […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira weakens marginally to ₦1,372/$ ahead of MPC meeting

The naira weakened marginally at the official foreign exchange market on Friday, closing at N1,372/$ as investors adopted cautious positions ahead of next week’s Monetary Policy Committee meeting of the Central Bank of Nigeria. This is according to data published on CBN website on Friday. Compared to last week’s closing at N1,364/$, the Naira depreciated […]

Travel

Nigeria introduces 30-day visa-free policy for Rwandan nationals

Nigeria has officially introduced a 30-day visa-free entry policy for Rwandan nationals under a new bilateral arrangement aimed at easing travel between both countries. The announcement was made by the Nigeria Immigration Service via a statement signed by its Public Relations Officer, DCI Akinsola Akinlabi, on Friday. This follows earlier consideration by President Bola Ahmed […]

Finance

DMO allots ₦4.074bn in May savings bonds

The Debt Management Office has allotted a total of N4.074 billion in its May 2026 Federal Government of Nigeria Savings Bond issuance as investors showed stronger preference for the three-year tenor instrument. This is according to the auction result released by the DMO on Friday. The subscription window for the savings bonds opened between May […]

featured Finance

S&P upgrades Nigeria’s sovereign credit rating to ‘B’

S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to “B” from “B-”, citing improvements in the country’s macroeconomic profile, external position, and ongoing economic reforms. The United States-based global ratings agency announced the upgrade on Friday while affirming Nigeria’s short-term ratings at “B” with a stable outlook. According to […]

Business

Nigeria, Rwanda seal 30-day visa waiver deal to boost travel

Nigeria has formally launched a 30-day visa-free entry policy for citizens of Rwanda under a new bilateral agreement designed to facilitate easier travel between the two countries. The development was announced on Friday by the Nigeria Immigration Service in a statement signed by its Public Relations Officer, DCI Akinsola Akinlabi. The move follows earlier consideration […]